Homes swap from Hyde to Sovereign

10 January 2019 

Residents in 228 homes across the south of England now have a new landlord.

Sovereign has taken over the ownership, management and maintenance of these properties from fellow housing association the Hyde Group.

The homes in Basingstoke and Deane, the Isle of Wight, the New Forest and Salisbury, are a mixture of flats and houses.  

Sovereign’s Stock Transfer Manager, Paul Wright, said: “We’ve taken on 193 properties so far, and will work hard to build a new relationship with Hyde’s former residents, as we gradually take on the remaining 35 buildings. The properties are a mixture of general needs, supported, shared ownership and leasehold homes.

 “Since 2005, we’ve sold, bought or swapped nearly 10,000 properties – helping us grow, make the most of our assets and provide an efficient and effective service for our customers – that’s around £650m-worth of transactions.”

Sovereign owns and manages 57,000 homes across the south and south west, and has plans to continue to grow through new development and buying homes from other housing associations.

Simon Vevers, Strategic Assets Director at the Hyde Group said: “We are delighted to have completed this transfer with Sovereign. This is an important move for Hyde and our residents. This marks the completion of a three year stock rationalisation programme. We are confident that Sovereign is perfectly positioned to continue to deliver an excellent service for residents in these areas.”